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Kind, Axel; Schläpfer, Yves - 2011

To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand- collected sample of 208 “clean” turnover events between January 1998 and June 2009. Unlike the majority of previous...

Persistent link: https://www.econbiz.de/10011390666

Executive compensation, firm performance, and chaebols in Korea: evidence from new panel data

Kato, Takao; Kim, Woochan; Lee, Ju Ho - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Persistent link: https://www.econbiz.de/10010267324

CEO turnover, firm performance and enterprise reform in China: evidence from new micro data

Kato, Takao; Long, Cheryl - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10010274393

Does corporate governance reform necessarily boost firm performance? Recent evidence from Russia

Kuznecovs, Mihails; Pal, Sarmistha - 2012

This paper examines whether the introduction of corporate governance (CG) reforms in general and that of transparency and disclosure (T&D) rules in particular can necessarily boost firm performance. Existing literature suggests that CG reforms can boost performance because it can resolve the...

Persistent link: https://www.econbiz.de/10010282468

Loss of control vs. risk reduction: decision factors for hiring non-family CFOs in family firms

Lutz, Eva; Schraml, Stephanie; Achleitner, Ann-Kristin - 2010

explore the perceptions of family firm owners towards external managers by analyzing how their family-specific and company … providers. Prior work: Prior research has acknowledged that the attitude to external managers is a major concern for family … independence and control is high. Furthermore, they do not seem to trust external managers to act in accordance to their goal of …

Persistent link: https://www.econbiz.de/10010305711

Family firms

Burkart, Mike; Panunzi, Fausto; Schleifer, Andrei - 2002

We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...

Persistent link: https://www.econbiz.de/10011335741

To Be Rated or To Be Indexed: Corporate Governance Rating Experience in Borsa Istanbul

Pirgaip, Burak; Akyüz, Mehmet Berktay - In: Istanbul Business Research (IBR) 49 (2020) 2, pp. 271-300

We aim at answering whether it is more noteworthy for investors to attain or sustain corporate governance goals by examining how the market reacts towards announcements regarding corporate governance ratings (CGR) and corporate governance index (XCORP) including the firms listed in Borsa...

Persistent link: https://www.econbiz.de/10012873447

Corporate governance rating and ownership structure in the case of Turkey

Gurarda, Sevin; Ozsoz, Emre; Ates, Abidin - In: International Journal of Financial Studies 4 (2016) 2, pp. 1-16

By using corporate governance data on 22 publicly traded Turkish companies we estimate the determinants of corporate governance ratings for these companies with a focus on ownership structure. Our results show that company earnings, financial risk and firm size positively influence the corporate...

Persistent link: https://www.econbiz.de/10011709006

Family control, institutional environment and cash dividend policy: Evidence from China

Wei, Zhihua; Wu, Shinong; Li, Changqing; Chen, Wei - In: China Journal of Accounting Research 4 (2011) 1/2, pp. 29-46

Using a sample of 1486 Chinese A-share listed companies for the period 2004-2008, this study empirically tests the impact of family control, institutional environment and their interaction on the cash dividend policy of listed companies. Our results indicate that (1) family firms have a lower...

Persistent link: https://www.econbiz.de/10011936913

Female director in boardroom: Does it affect board compensation package and firm performance in Saudi Arabia?

Shukeri, Siti Norwahida; Alfordy, Faisal D - In: Cogent Business & Management 9 (2022) 1, pp. 1-14

Global gender diversity initiatives driven by international organizations, such as the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) demand more participation of women in corporate boardroom. Nevertheless, prior research relating to the...

Persistent link: https://www.econbiz.de/10014505570

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